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A meta-analysis of the economic value of forest carbon stock

Global climate change has become a critical issue due to the global greenhouse gases (GHGs) emissions dominated by carbon dioxide (CO2). Forest ecosystems are becoming increasingly essential in mitigating climate change by absorbing the atmospheric CO2 and storing it in tree biomass, a process known...

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Main Authors: Asif Raihan,, Rawshan Ara Begum,, Mohd Nizam Mohd Said,
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2021
Online Access:http://journalarticle.ukm.my/18213/1/49977-172594-1-PB.pdf
http://journalarticle.ukm.my/18213/
https://ejournal.ukm.my/gmjss/issue/view/1443
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spelling my-ukm.journal.182132022-03-14T00:58:35Z http://journalarticle.ukm.my/18213/ A meta-analysis of the economic value of forest carbon stock Asif Raihan, Rawshan Ara Begum, Mohd Nizam Mohd Said, Global climate change has become a critical issue due to the global greenhouse gases (GHGs) emissions dominated by carbon dioxide (CO2). Forest ecosystems are becoming increasingly essential in mitigating climate change by absorbing the atmospheric CO2 and storing it in tree biomass, a process known as carbon sequestration. Decades of environmental valuation research show that forest carbon has a positive economic impact. Economic valuation of forest carbon provides mechanism for climate change mitigation policy instruments, compare rival forestry and environmental initiatives, and infuse public willingness to pay in forest conservation projects. It is also required for carbon trading, conservation, and management of the forests. However, carbon storage estimates in forest ecosystems throughout the world differ substantially. Thus, this study conducts a global meta-analysis to estimate the marginal economic value of forest carbon per hectare. A systematic review of scientific literature leads to the selection of 60 primary studies from 30 different countries published between 1990 to 2021. The meta-analysis identified wide variations in economic values of forest carbon across the globe. The outcome of the meta-analysis reveals that global economic value of forest carbon is USD2005 per hectare. This study provides an insight on the marginal economic value of global forest carbon which would be helpful to understand the necessity of avoiding deforestation and conserving more forested areas that ultimately helps to mitigate global climate change through emission reduction. Penerbit Universiti Kebangsaan Malaysia 2021 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/18213/1/49977-172594-1-PB.pdf Asif Raihan, and Rawshan Ara Begum, and Mohd Nizam Mohd Said, (2021) A meta-analysis of the economic value of forest carbon stock. Geografia : Malaysian Journal of Society and Space, 17 (4). pp. 321-338. ISSN 2180-2491 https://ejournal.ukm.my/gmjss/issue/view/1443
institution Universiti Kebangsaan Malaysia
building Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description Global climate change has become a critical issue due to the global greenhouse gases (GHGs) emissions dominated by carbon dioxide (CO2). Forest ecosystems are becoming increasingly essential in mitigating climate change by absorbing the atmospheric CO2 and storing it in tree biomass, a process known as carbon sequestration. Decades of environmental valuation research show that forest carbon has a positive economic impact. Economic valuation of forest carbon provides mechanism for climate change mitigation policy instruments, compare rival forestry and environmental initiatives, and infuse public willingness to pay in forest conservation projects. It is also required for carbon trading, conservation, and management of the forests. However, carbon storage estimates in forest ecosystems throughout the world differ substantially. Thus, this study conducts a global meta-analysis to estimate the marginal economic value of forest carbon per hectare. A systematic review of scientific literature leads to the selection of 60 primary studies from 30 different countries published between 1990 to 2021. The meta-analysis identified wide variations in economic values of forest carbon across the globe. The outcome of the meta-analysis reveals that global economic value of forest carbon is USD2005 per hectare. This study provides an insight on the marginal economic value of global forest carbon which would be helpful to understand the necessity of avoiding deforestation and conserving more forested areas that ultimately helps to mitigate global climate change through emission reduction.
format Article
author Asif Raihan,
Rawshan Ara Begum,
Mohd Nizam Mohd Said,
spellingShingle Asif Raihan,
Rawshan Ara Begum,
Mohd Nizam Mohd Said,
A meta-analysis of the economic value of forest carbon stock
author_facet Asif Raihan,
Rawshan Ara Begum,
Mohd Nizam Mohd Said,
author_sort Asif Raihan,
title A meta-analysis of the economic value of forest carbon stock
title_short A meta-analysis of the economic value of forest carbon stock
title_full A meta-analysis of the economic value of forest carbon stock
title_fullStr A meta-analysis of the economic value of forest carbon stock
title_full_unstemmed A meta-analysis of the economic value of forest carbon stock
title_sort meta-analysis of the economic value of forest carbon stock
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2021
url http://journalarticle.ukm.my/18213/1/49977-172594-1-PB.pdf
http://journalarticle.ukm.my/18213/
https://ejournal.ukm.my/gmjss/issue/view/1443
_version_ 1728052183609376768
score 13.211869

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